I'd like to see more numbers for the proposed Stanley development to supply Ok Tedi.
In the recent Webcast, Emmet said the gross development cost would be USD100m, HZN share 30% USD30m.
It would use 15% of the Stanley gas resource. According to the recent reserves/resources report, Stanley gas resources are 106bcf net to HZN, which I guess is ~350bcf gross
15% of 350bcf is ~50bcf
Spending USD100m to develop 50bcf works out to USD2/mcf development cost.
Doesn't really make sense unless its an enabler to further developments ?
I'd like to see more numbers for the proposed Stanley...
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